EuroHedge Summit 2011

Held in Paris every Spring, the EuroHedge Summit 2011 is a major hedge fund event which attracts the industry's elite from around the globe. The event offers incisive and topical content about hedge fund strategies and addresses the overall outlook for the hedge fund industry and financial markets, as well as the opportunities, challenges and risks across a range of investment strategies. Please call +44 (0) 20 7779 7222 to book your ticket!

EuroHedge Summit 2011 - Programme*

Tuesday 3 May

Pre event wine receptionAvoid the queues and pick up your badge and programme the night before the conference at our pre-event wine reception. Open to registered delegates only.

Day 1: Wednesday 4 May

08.00 – 09.00

Registration, breakfast and introductory remarks

09.00 – 10.00

Macro – on the way out of crisis or on the way back in?Macro uncertainty is everywhere. Is the global economy starting to recover? Or is another recession on the way? Is the financial crisis over? Or is another one brewing? Is inflation or deflation the bigger risk? What is the outlook for equities, bonds, rates, currencies, commodities – and for developed and developing markets? What else could go wrong – or go right? A panel of top economists debate what lies ahead – and how to play it

Hedge fund CEOs – opportunities in a changing worldWhat is the best way to structure and run a hedge fund business in the post- crisis era? What are the major new opportunities, challenges and risks? How will regulation, institutionalisation and consolidation affect the industry? How will the successful hedge fund firm of tomorrow look? Some of the biggest players in Europe, in both onshore and offshore funds, look at what the future holds and at how the industry is changing

Investors – what do they want and how do they want it?The industry’s downturn in 2008 and 2009 has given investors more firepower in the relationship with managers – bringing a variety of changes in fund structures, operational management and practices. With more big end-investors going direct and many of the top surviving fund-of-fund groups changing their business models, a group of top investors and allocators discuss how they want hedge funds to work for them in future

Managed futures – does the case for non-correlation still hold?After providing one of the few bright spots for investors in 2008, CTAs disappointed in 2009, but then mostly delivered good returns in 2010 – although with typically high volatility and arguably with less non-correlation than before. How will CTAs and other quant strategies fare going forward? Does the case for non-correlated returns still stand up? And what are the big new issues and changes in the systematic trading world?

Stream 1: Is the hedge fund industry heading onshore? If not, why not? And if so, how?Post the financial crisis and the Madoff scandal, hedge fund managers have been driven by investors to move more of their product into the onshore sphere – not just in UCITS structures but also in structures such as Irish QIFs and SIFs in Luxembourg. A panel representing some top management firms and investors discuss what is driving these trends and how much further they will go.

Stream 2: Equity strategies: Who has the best ideas today?A panel of L/S equity managers with different approaches - Sector focus; Tech and Financials and European fundamental value driven across sectors and regions

Stream 1:Regulatory changes: Doing more harm than good?The potential for new regulations that might be really damaging to the hedge fund industry appear to have been averted in the negotiations that led to the European Union’s AIFM Directive, though the devil may be in the detailed rules that are still be worked out. A panel of leading experts discuss the implications of the Directive, as well as of the Dodd-Frank Act in the US and other regulatory changes.

Stream 2:Strategy focus: Currencies and commoditiesPost the financial crisis, in an era of bail-outs, deficits and sovereign debt crises, currency markets have become a central battle-ground. In an era of rapidly expanding emerging markets, political upheaval in the Middle East and nuclear energy emergency in Japan, commodity markets are also back at the top of the investment agenda. A panel of top players discuss the best approaches.

Institutional due diligence – setting the new standardsWhat are the key lessons of the financial crisis? What must institutional investors look for in operational due diligence? What are the new standards? How should strategic due diligence on a managed account platform be conducted? Top institutional investors and managers debate these fundamental issues and how they can enhance institutional confidence in hedge funds.

Day 2: Thursday 5 May

08.30 - 09.00

Doors open and breakfast

09.00 – 10.00

Emerging markets – the only safe bet or the next big bubble?The crisis has focused attention on the shifting balance of power from developed to developing markets, with investors pouring money into emerging market equity and debt as a result. But already there are worries about inflationary pressures and asset price bubbles. Can the emerging markets really be the new drivers of the global economy? What are the big risks? And what are the best ways of playing these markets?

Stream 1: Where now after the global financial crisis? How to play the financial sector?The credit crunch and ensuing global financial crisis created some of the greatest challenges as well as opportunities ever in the history of markets, particularly for funds that focus on financial sector equities and credit. Where are we now in the rebound – and what are the right strategies going forward? A panel of top managers talk about their approaches.

Stream 1: Investor requirements: What’s the new state-of-the-art in operations and managing counterparty risk?The financial crisis and tumultuous collapse of Lehman Brothers demonstrated more vividly than ever the need for hedge funds to actively manage their counterparty relationships – leading many investors as well as managers and COOs to take a much closer interest in the issue, and various new models to evolve. A panel of leading practitioners debate what is the latest state-of-the-art for these critical relationships.

Stream 2: Capital raising: Post-crisis, how best to seduce investors?The financial crisis and Madoff fraud shook the confidence of investors in hedge funds and led to a tidal wave of redemptions. A panel of top investor relations people from leading firms talk about what it takes to regain – and retain – the confidence of investors.

Event-driven – the best ‘micro’ investing strategy in 2011?The strong revival of interest in event-driven strategies began to pay off for investors late last year as corporate activity started to pick up and managers started to generate some increasingly good returns. Is the theme of accelerating corporate mergers, spin-offs, restructurings and takeover activity set to continue? What could derail it? And what are the best strategies to exploit the different trends in the event space?

Credit and distressed investing – where are we in the cycle?After enjoying a big bounce-back in the aftermath of the financial crisis, is the rebound in credit strategies set to continue? Or will managers have to deploy different strategies to succeed in a more complex market environment? Where are we now in the corporate credit and economic cycle? What is the outlook across the investment grade, high-yield and distressed spectrum? How is the opportunity set evolving?

Industry consolidation – what is the future for boutiques?What effect is greater institutionalisation having on the hedge fund industry? Will the big firms continue to get bigger as investors put safety above performance? Will smaller and more independent boutiques be able to survive and thrive in the future – and what do they need to do so? Could we see another wave of new fund start-ups? Or is a further wave of consolidation and concentration of assets at bigger firms and platforms inevitable?

Please note: We only have a strictly limited number of places available to the sell-side of the industry, and at this stage we have reached capacity. We hope additional tickets will become available. Please email events@hedgefundintelligence.com to submit a request for a ticket.

Submitting an online registration does not guarantee your booking at the Summit. We advise you not to make travel arrangements until you have received official email confirmation of your registration.

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